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On 16 October, the leadership of the German automobile corporation Daimler decided to push ahead with the process to restructure the group. The revamp will see the group divided into three separate companies, placed under the control of a single holding company. For the restructuring – which will not occur before 2019 – to take place, it still needs the approval of the group’s supervisory board and shareholder assembly. In the meantime, the company leadership and the central works council have met to agree on a list of aspects that need to be discussed and settled. While a formal agreement has not yet been struck, numerous decisions have been made. For example, job security has been guaranteed until 2029, while agreements have also been reached as regards, amongst other things, the funding of company pensions and the involvement of employee representatives in so-called make-or-buy decisions.
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